ETFGI, an independent research and consultancy firm, reported Jan. 9 that assets invested in ETFs listed in Canada increased by 38.2 per cent during 2017 to reach a new high of US$117 Bn at the end of December.
ETFGI’s December 2017 Canada ETF and ETP industry insights report, says that assets invested in Canadian-listed ETFs grew by a record US$32.3 Bn during 2017. The previous record was US$19.8 Bn set in 2016.
“The increase of 38.2 per cent, from US$84.6 Bn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis,” says ETFGI.
During 2017, ETFs listed in Canada saw record net inflows of US$18.9 Bn; 48.5 per cent more than net inflows for 2016, and 44.3 per cent more than the previous record set in 2015.
“BMO Asset Management gathered the largest net ETF inflows in 2017 with US$6.93 Bn, followed by Vanguard with US$2.42 Bn and iShares with US$2.30 Bn net inflows,” says ETFGI.